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Industry hails RBI's Monetary policy decisions
Updated : 1 year, 11 months ago IST
Industry welcomes Reserve Bank of India decisions in its first monetary policy report of FY 25. One of the key highlights of the report is the RBI's decision to maintain the repo rate at its current level, a move that has been widely applauded by industry leaders.
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Wheat price won't be affected, vegetable needs to be watched out: RBI Gove
Updated : 1 year, 11 months ago IST
Reserve Bank of India Governor Shaktikanta Das has said that the heatwave predictions in the coming months won't impact wheat prices, but the impact on vegetable prices needs to be watched out.
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'Elephant' out for a walk, says RBI Governor Das as FY25 CPI inflation pro
Updated : 1 year, 11 months ago IST
"Looking ahead, robust growth prospects provide the policy space to remain focused on inflation and ensure its descent to the target of 4 per cent," RBI Governor said announcing the decisions of the first MPC of FY25.
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RBI proposes cash deposits through UPI; widens digital currency for retail
Updated : 1 year, 11 months ago IST
The Reserve Bank of India has proposed the idea of depositing cash in Cash Deposit Machines (CDMs) using UPI mechanism, in what could be another boost to already widely recognised technology.
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At Monetary Policy meeting, RBI retains 7 % real growth rate projection fo
Updated : 1 year, 11 months ago IST
RBI Governor Shaktikanata Das, while announcing the RBI Monetary Policy Committee outcome on Friday, said that the growth is projected to be at 7.1 per cent in first quarter, followed by 6.9 per cent in second quarter and 7 per cent in both third and fourth quarters.
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RBI keeps repo rates unchanged at 6.5 pc after first Monetary Policy meeti
Updated : 1 year, 11 months ago IST
This is the seventh consecutive meeting that the MPC has maintained a status quo on the repo rate. The repo rate, is the interest rate at which banks draw funds from RBI to overcome short-term liquidity mismatches.
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Indian stock market opened cautious ahead of the RBI monetary policy resul
Updated : 1 year, 11 months ago IST
The Sensex declined by 267 points to 73,956, while the Nifty 50 declines 73 points to 22,451 on the early trade during Friday. Despite this, Nifty 50 formed a small negative candle on the daily chart, indicating substantial resistance at new all-time highs.
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RBI Monetary Policy Meeting: Central Bank likely to keep rates steady
Updated : 1 year, 11 months ago IST
The first Monetary Policy Committee (MPC) meeting of financial year 2025 will be held on Friday, and the Reserve Bank of India is unlikely to cut rates.
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Volatility in Indian stock market before the RBI Monetary policy results
Updated : 1 year, 11 months ago IST
Indian stock market closed in green on Thursday after the Nifty surged 80 points to close at 22514 and Sensex also gained 350 points to close at 74227. During the Thursday's trading session, benchmark equity indices experienced volatility following a surge to new all-time highs, as profit-ta
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MPC Meet: RBI is unlikely to cut rates, likely to maintain status quo
Updated : 1 year, 11 months ago IST
Experts believe the central bank is very likely to maintain the status quo on interest rates along with caution on inflation and the geo-political outlook
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Fraudsters held in Delhi for duping investors worth Rs 6 cores, 7 arrested
Updated : 1 year, 11 months ago IST
Seven members of a gang of fraudsters were arrested by Delhi Police for cheating gullible victims on the pretext of helping them in the release of maturity amount of insurance policies on Tuesday. They had cheated approx Rs 6 cores from 10 victims.
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RBI set to hold first monetary policy review in 2024-25; rate cut unlikely
Updated : 1 year, 11 months ago IST
The RBI typically conducts six bimonthly meetings in a financial year, where it deliberates interest rates, money supply, inflation outlook, and various macroeconomic indicators.
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